SB PROJECTS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SB PROJECTS
Largest movements
- Receivables within one year -€66,516
down €66,516 (-56.7%), from €117,300 to €50,784
of which Trade receivables: -€47,267
- Cash +€2,836
up €2,836 (+2.8%), from €101,163 to €104,000
mainly Other debts (+€293,955) and Receivables within one year (+€66,516)
- Other debts +€293,955
up €293,955 (+66.3%), from €443,245 to €737,200
- Trade debts -€232,041
down €232,041 (-97.2%), from €238,778 to €6,737
- Profit (loss) carried forward -€129,733
down €129,733 (-27.0%), from -€479,756 to -€609,489
- Tax, wage and social debts +€5,039
up €5,039 (+260.2%), from €1,936 to €6,975
of which Taxes: +€6,859
- Gross operating margin -€54,824
down €54,824, from €8,796 to -€46,028
- Financial charges +€8,153
up €8,153 (+68.0%), from €11,991 to €20,144
- Other operating charges -€1,045
down €1,045 (-67.4%), from €1,551 to €505
- Staff costs +€918
up €918 (+1.5%), from €62,137 to €63,055
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,463 | €155,684 | -€62,779 | -28.7% |
| Current assets | 29/58 | €218,463 | €155,684 | -€62,779 | -28.7% |
| Amounts receivable within one year | 40/41 | €117,300 | €50,784 | -€66,516 | -56.7% |
| Trade receivables | 40 | €97,336 | €50,069 | -€47,267 | -48.6% |
| Other amounts receivable | 41 | €19,964 | €715 | -€19,249 | -96.4% |
| Cash at bank and in hand | 54/58 | €101,163 | €104,000 | +€2,836 | +2.8% |
| Deferred charges and accrued income | 490/1 | - | €900 | +€900 | |
| Total equity and liabilities | 10/49 | €218,463 | €155,684 | -€62,779 | -28.7% |
| Equity | 10/15 | -€465,496 | -€595,229 | -€129,733 | -27.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€479,756 | -€609,489 | -€129,733 | -27.0% |
| Amounts payable | 17/49 | €683,959 | €750,913 | +€66,953 | +9.8% |
| Amounts payable within one year | 42/48 | €683,959 | €750,913 | +€66,953 | +9.8% |
| Trade debts | 44 | €238,778 | €6,737 | -€232,041 | -97.2% |
| Suppliers | 440/4 | €238,778 | €6,737 | -€232,041 | -97.2% |
| Taxes, remuneration and social security | 45 | €1,936 | €6,975 | +€5,039 | +260.2% |
| Taxes | 450/3 | - | €6,859 | +€6,859 | |
| Remuneration and social security | 454/9 | €1,936 | €116 | -€1,820 | -94.0% |
| Other amounts payable | 47/48 | €443,245 | €737,200 | +€293,955 | +66.3% |
| Remuneration, social security and pensions | 62 | €62,137 | €63,055 | +€918 | +1.5% |
| Other operating charges | 640/8 | €1,551 | €505 | -€1,045 | -67.4% |
| Gross operating margin | 9900 | €8,796 | -€46,028 | -€54,824 | |
| Operating profit (loss) | 9901 | -€54,892 | -€109,589 | -€54,696 | -99.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €11,991 | €20,144 | +€8,153 | +68.0% |
| Recurring financial charges | 65 | €11,991 | €20,144 | +€8,153 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | -€66,882 | -€129,733 | -€62,851 | -94.0% |
| Profit (loss) for the period | 9904 | -€66,882 | -€129,733 | -€62,851 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,882 | -€129,733 | -€62,851 | -94.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.